Strategy Reports $14B Q2 Bitcoin Gain, Launches $4.2B STRD Preferred Stock Offering

Bitcoin’s price surged roughly 30% during the second quarter, climbing from around $82,000 to $108,000 by June 30.

As a result, Michael Saylor-led Strategy (MSTR) expects to record a $14.05 billion gain for the quarter on its bitcoin holdings, which exceed 500,000 BTC.

In a Monday filing, Strategy revealed it raised $6.8 billion in net proceeds during the second quarter through various capital markets activities, including preferred stock offerings and at-the-market (ATM) sales of its Class A common stock. As of June 30, the company said it retained significant capacity for future capital raises, with $18.1 billion remaining under its 2025 Common ATM, $20.5 billion under the STRK ATM, and $1.9 billion under the STRF ATM.

Additionally, on Monday, Strategy announced it has entered into a sales agreement to issue and sell up to $4.2 billion of its 10% Series A Perpetual Stride Preferred Stock (STRD) via an ATM program.

The company plans to sell STRD shares gradually, depending on market trading prices and volumes at the time of each sale. Proceeds from the ATM offering are intended for general corporate purposes, including acquiring additional bitcoin, supporting working capital, and potentially paying dividends to holders of both the STRD and the 8.00% Series A Perpetual Strike Preferred Stock.

Since its launch on June 11, STRD shares have gained 6%. Meanwhile, MSTR shares were down 1.2% in premarket trading on Monday as bitcoin traded slightly lower from the end of last week, changing hands around $108,300.